Stablecoin issuer Mountain Protocol goes live on Base Chain.

Odaily Planet Daily News: Mountain Protocol, a stablecoin issuer, announced its launch on the Base chain, expanding its ecosystem. The Base community can now access interest-bearing stablecoins fully backed by US Treasury bonds through this protocol. Additionally, Mountain Protocol plans to integrate more blockchains. In June, Mountain Protocol completed an $8 million Series A funding round, led by Multicoin Capital, with participation from Castle Island Ventures, Coinbase Ventures, and other investors. Mountain Protocol is the issuer of USDM, a 'fully backed by US Treasury bonds' interest-bearing stablecoin.